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Forex market reviews

15 June 2015

Securities

Leonid Matveev

Chinese Stock Market Surpasses 10 Trillion USD Mark

In recent times the economic growth that China has enjoyed for so long has slowed. This has become a hot topic among economists since China is the world’s second largest economy and the world’s largest energy consumer. Reports from Q1 of 2015 fixed Chinese GDP at 1.3%; worse than expected. As a yearly value, the economy is growing by 7%. Despite the worries, it’s worth noting that GDP in the country isn’t stagnating, but growing.
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Commodities

Anna Bodrova

Brent to Trade Today Between $64.10-64.85 per Barrel

Oil prices are down. A barrel of Brent currently costs $64.62 (-0.2%). A Barrel of WTI is assessed by the market at $60.28 (-0.12%). All movements on energy prices are being dictated by technical factors for the moment. Other than this, a strengthening dollar is also putting pressure on oil prices.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX USD/SEK – Bear Speculation: Correctional Movement to Fibonacci Level 38.2%

Trading opportunities on currency pair: the dollar rate has downed the May 8.1851 minimum. As part of a correction, there’s the possibility of a recoil to the 38.2% fibo level – 7.9051 (growth from 6.3231 to 8.8830). From 7.9051 it’s likely a new dollar rally will start.
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Trading ideas

Vladislav Antonov

Short-term Trading Idea FX EUR/CAD – Bear Speculation: Expected Fall to 1.3385

Trading opportunities on currency pair: the EUR/CAD has broken from the trend line. Whilst the rate is below the trend line, I will consider the euro’s fall. Due to renewed growth of oil quotes, I expect a fall to 1.3385.
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Trading ideas

Vladislav Antonov

Long-term Trading Idea FX EUR/NZD – Bull Speculation: Long-term Downward Trend Correction

Trading opportunities on currency pair: in the EUR/NZD cross a correction has strengthened after the Reserve Bank of New Zealand dropped its base rate by 0.25% to 3.25%. If the EUR/NZD rate strengthens above 1.6150, prepare for a global correction on the downward trend from 2.5796 to 1.3881. First target: 1.6693 (23.6%) and 1.8432 (38.2%). The Greek situation shouldn’t have any effect on this.
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12 June 2015

Commodities

Anna Bodrova

Oil Quotes Seeing Moderate Fall

Oil prices on Friday are continuing to fall. A barrel of Brent is currently trading at $65.40 (-0.6%). A barrel of WTI now costs $60.73 (-0.8%). During today’s Asian session it was also down: the market is once again feeling the pressure of increased surplus of supply.
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Market sessions

Vladislav Antonov

Pound/Dollar: Target – 1.5445

In the first half of Thursday the pound/dollar dropped to 1.5420. After the release of American statistics and a fall in the euro/pound cross, the pound/dollar recovered to 1.5533.
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Market sessions

Vladislav Antonov

Eurodollar Risks Depart Under 1.12

On Thursday the euro/dollar rate dropped to 1.1181 after the publication of US retail sales data that was stronger than expected. This news gave the dollar an additional impulse for a growth that had been borne on the Asian session.
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Alexander Razuvaev
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